 | |
| Company type | Subsidiary |
|---|---|
| Industry | Alternative Investment, Asset Management, Private Equity |
| Predecessor | TCW/Crescent Mezzanine |
| Founded | 1991 |
| Founder | Mark Attanasio, Robert Beyer, and Jean-Marc Chapus |
| Headquarters | Los Angeles, California, United States |
| Products | |
| AUM | US$41 billion (March 2023) |
Number of employees | 210 (March 2023) |
| Parent | Sun Life Financial |
| Website | crescentcap |
Crescent Capital Group is a global alternative investment firm focused on below investment grade credit markets with primary strategies that include funds that invest in leveraged loans, high-yield bonds, mezzanine debt, special situations, and distressed securities. The firm has approximately $40 billion of assets under management and has made investments in over 190 companies since its inception as well as expanded into the European market with operations based in London.
Since its founding in 1991, the firm has raised approximately $25 billion across seven funds.[citation needed] TCW/Crescent maintains a strategic partnership with TCW Group (Trust Company of the West), a leading institutional money management firm with approximately $180 billion in assets under management.
In January 2021, Sun Life Financial acquired a majority stake (51%) in the company.[1] The firm is based in Los Angeles.
- ^ "Sun Life completes majority acquisition of Crescent Capital Group LP". PR Newswire. Retrieved 2022-12-11.